CAT / FIA FTX Syllabus D. Capital Gains Tax - Exemptions available for gilt-edged securities and qualifying corporate bonds - Notes ^{3 / 3}

Exemptions

Disposals of gilt edged securities and qualifying corporate bonds are exempt from capital gains tax.

A qualifying corporate bond is:

• A normal commercial loan

• In sterling

• Cannot be converted into other shares, securities or currencies

• Issued on or after 13/03/1984